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Investegate |Knights Group Hldgs Announcements | Knights Group Hldgs: Issue of Shares
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By Jemma Slingo2021-05-20T15:23:00+01:00
Listed firm Knights plc has celebrated a ‘robust full year performance’, saying the effects of Covid-19 will ‘only accentuate the group’s acquisition opportunities’.
In a full year trading update, Knights Group Holdings plc said revenue is likely to be over £100.8m, representing a minimum increase of 36% compared with last year. Meanwhile, underlying profit before tax is expected to be ‘moderately in excess’ of £18m, up 32% year-on-year.
‘This reflects the good organic growth in the core business and the successful integration of the acquisitions completed in FY20 and FY21. The results show a particularly strong margin performance achieved in the second half as the group’s momentum returned,’ Knights said.
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